You just need to calculate the numbers and see what works best for your scenario.

Maybe having rentals on the MLS is more common where your property is.Leasing is hard work if it's done right - property advertised, references checked and a background report with credit and criminal history should be run.

Hey guys,what is common in a commercial NNN lease?

1. seller paid closing costs2. buyer paid closing costs3. buyer tacks the closing costs onto his mortgage4. what is the better scenario?

It is also a stable market, so repossessions are less common than elsewhere in the state.Your biggest problem will be the lending laws in the state of Illinois, but that is another story.

The most common scam in the marketplace is the "Fee Stealing" scheme.

I look at the community as a whole to determine the common bldg sizes, configurations, materials used.

Specifically, in my county, it's very common for agents to use the FMLS and not the GAMLS.This property was listed on the GAMLS and not the FMLS.

Pros, cons, questions in this scenario anyone?

I'm bumping this thread since I have the same questions because it's pretty common for people to enclose garages and/or sunrooms in my area and turn them into bedrooms.I think I understand the issues - might not pass inspection if not up to code, liability issues if inspector missed something, code enforcement issues if not propertly permitted...